“I think the sales have been the proof of the pudding,” said Remax Bay’s Alan Moore, who confirmed there had been tremendous interest in the new opportunities.
“People are extremely confident to buy here and just about everybody that comes here sees the value in the estate.”
Moore said six of the 27 plots in the second phase had already been sold while a further five were reserved.
“Right from the beginning, the first 25 plots we offered in phase one went very quickly. Since then we’ve sold and transferred 55 of the 65 available plots in the first phase.”
He said the rate of development in this category was unmatched in the Eastern Cape and that it was “a testament to the investability” of the estate, which is situated in the country areas to the west of Port Elizabeth.
“We tentatively started selling in phase two because, although there are stunning plots left in the first phase, people couldn’t wait and wanted to see what other choices were available.”
Moore said one house had already been built and occupied and the second plan was being finalised.
Estate manager Matt Gibbs, who also sits on the design review committee, said the completed building was “beautiful” and was looking forward to the rest of the homes taking shape.
He explained that the second phase catered for investors who were looking for slightly different options to those still available in phase one.
View, slope, terrain and proximity to the golf course were all factors potential buyers considered and the new phase had something for everyone, he explained.
With infrastructure such as roads, a separate sewerage plant and electricity all in place, Gibbs said phase two had exceeded all expectations and was proving to be a valuable investment for those who yearned for a country retreat without the inconvenience of distance.
Click here to arrange a guided tour of the estate.